RBS 2004 Annual Report Download - page 147
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section
03
145
Annual Report and Accounts 2004
Statement of consolidated total recognised gains and losses
Reconciliation of movements in consolidated shareholders’ funds
Financial
statements
Statement of consolidated total recognised gains and losses
for the year ended 31 December 2004
2004 2003* 2002*
£m £m £m
Profit attributable to ordinary shareholders 4,256 2,254 2,034
Actuarial (losses)/gains (1,598) 69 (2,392)
Current tax relief 56 ——
Deferred tax asset/(liability) 408 (33) 700
Actuarial (losses)/gains recognised in post-retirement benefit schemes (1,134) 36 (1,692)
Currency translation adjustments and other movements (399) 48 37
Revaluation of premises 56 (69) (33)
Other recognised (losses)/gains (343) (21) 4
Total recognised gains and losses in the year 2,779 2,269 346
Prior year adjustment arising from the implementation of FRS 17 (2,001)
Total recognised gains and losses since 31 December 2003 778
2004 2003* 2002*
£m £m £m
Profit attributable to ordinary shareholders 4,256 2,254 2,034
Ordinary dividends (1,837) (1,490) (1,267)
Retained profit for the year 2,419 764 767
Issue of ordinary and preference shares 4,603 775 560
Conversion of exchangeable undated loan capital 460 ——
Redemption of preference shares –– (364) (600)
Actuarial (losses)/gains recognised in post-retirement benefit schemes (1,134) 36 (1,692)
Own shares held in relation to employee share scheme (7) –– ––
Goodwill previously written off to reserves –– 40 —
Other recognised gains and losses (343) (21) 4
Currency translation adjustment on share premium account (231) (203) (283)
Net increase/(decrease) in shareholders’ funds 5,767 1,027 (1,244)
Opening shareholders’ funds as previously reported 28,099 27,052 26,668
Prior year adjustment arising from the implementation of FRS 17 (2,001) (1,981) (353)
Opening shareholders’ funds as restated 26,098 25,071 26,315
Net increase/(decrease) in shareholders funds 5,767 1,027 (1,244)
Closing shareholders’ funds 31,865 26,098 25,071
* restated (see page 139)
Reconciliation of movements in consolidated shareholders’ funds
for the year ended 31 December 2004